CAUTION: Trading over the next 24hrs is likely to be very volatile, across all currency pairs. Especially on correlated pairs attached to the USD, EUR and GBP.
This is because for the 1st time in a very long time, the USD, EUR and GBP are all announcing their interest rates.
USOUSD trade stopped out for a loss today due to a major oil pipeline, requiring to be temporarily shutdown to repair a leak. Therefore as oil demand remains but oil supply reduces, oil price will inevitably rise.
Take time this weekend to look back on you trading week, see where things went right or wrong and above all Enjoy The Weekend.
We trade for freedom, so enjoy yours.
GBPJPY Bullish 4hr Wave Pattern formation has delivered 1:2 risk vs reward, after pushing higher off the 1hr 200 EMA, towards the FE 61.8 level.
Some of you might have been stopped out at Break Even, due to the Brexit uncertainty fluctuations.
A slow month of trading for November 2017, with only three trades confirming. However, all three trades delivered.
If you risked 1% per trade and targeted 2%, you would have ended up over 5% ROI for November 2017.
Now that’s trading!
We continue to watch the following pairs for possible entry positions:
AUDUSD, EURAUD, EURGBP, EURNZD, EURUSD, GBPAUD, GBPJPY and NZDUSD.
Caution: A few of these trades correlate. So we suggest you consider your risk profile and take only the best options when presented.